Tuesday March 19, 2019
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Warren Suggests Apple to Buy More Shares

At the end of the first quarter of 2018, Berkshire owned $40.7 billion of Apple's shares -- up from $28.2 billion at the end of 2017, The New York Times reported.

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It is a better idea than spending that money on other companies which have the disadvantage of not being Apple, he added.
Warren Buffett, US billionaire and investor, wikimedia commons

A day after multinational conglomerate Berkshire Hathaway acquired another 75 million shares of Apple, its CEO Warren Buffett said the iPhone maker should spend more cash buying its own shares.

“They are not going to find $50 billion or $100 billion acquisitions that they can make at remotely a sensible price,” ReCode quoted Buffett as saying at the company’s annual meeting held at Omaha city in the US state of Nebraska.

It is a better idea than spending that money on other companies which have the disadvantage of not being Apple, he added.

Apple posted a healthy revenue of $61.1 billion and net quarterly profit of $13.8 billion globally for its second quarter for fiscal 2018, defying global reports of a weakened demand for its iPhones.

A day after multinational conglomerate Berkshire Hathaway acquired another 75 million shares of Apple, its CEO Warren Buffett said the iPhone maker should spend more cash buying its own shares.
Apple Mobile, Wikimedia commons

Following this, Berkshire Hathaway acquired more shares and now owns a large slug of Apple stock and has 5 per cent stake in the company.

At the end of the first quarter of 2018, Berkshire owned $40.7 billion of Apple’s shares — up from $28.2 billion at the end of 2017, The New York Times reported.

He also said he likes Apple’s plan to spend $100 billion buying its own shares.

“I’m delighted to see them repurchasing shares. We own 5 per cent of it. With the passage of time, we may own 6 or 7 per cent because they repurchase shares,” he was quoted as saying.

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On having never invested in Microsoft, Buffett said that “in the earlier years, the answer is stupidity”. He stayed away from investing “because of the inference” that could be drawn.

On e-commerce firm Amazon, he said: “The truth is that I’ve watched Amazon from the start and I think what (Amazon CEO) Jeff Bezos has done is something close to a miracle. The problem is if I think something will be a miracle, I tend not to bet on it.”

Buffett said he had “made a mistake” on conglomerate Alphabet. He said he was unable to conclude that at Alphabet’s present prices, its “prospects were far better than the prices indicated”. (IANS)

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Apple Watch Can Detect And Notify Users Irregular Heart Rhythms

The results of the Apple Heart Study highlight the role that innovative digital technology can play in creating more predictive and preventive health care," said Lloyd Minor of the Stanford School of Medicine. 

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The study is expected to play a crucial role in the future stability research of PSCs. Pixabay

Apple Watch can detect and notify users when they experience irregular heart rhythms, finds a study demonstrating the ability of wearable technology to detect atrial fibrillation.

In 2017, Apple had partnered with researchers from the Stanford University and launched an app called “Apple Heart Study” to determine whether a mobile app that uses data from a heart rate pulse sensor on the Apple Watch can identify atrial fibrillation.

Atrial fibrillation, a deadly and often undiagnosed condition, can lead to strokes. The condition often remains hidden because many people do not experience symptoms.

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Comparisons between irregular pulse-detection on Apple Watch and simultaneous electrocardiography patch recordings showed the pulse detection algorithm has 71 per cent positive predictive value. Pixabay

The findings showed only 0.5 per cent participants received irregular pulse notifications, an important finding given the concerns about potential over-notification.

Eighty-four per cent of the time participants who received irregular pulse notifications were found to be in atrial fibrillation at the time of the notification and 34 per cent who followed up by using an ECG patch over a week later were found to have atrial fibrillation.

“The results of the Apple Heart Study highlight the role that innovative digital technology can play in creating more predictive and preventive health care,” said Lloyd Minor of the Stanford School of Medicine.

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“The performance and accuracy we observed in this study provides important information as we seek to understand the potential impact of wearable technology on the health system,” noted Marco Perez, Associate Professor of cardiovascular medicine at Stanford. Pixabay

“Atrial fibrillation is just the beginning, as this study opens the door to further research into wearable technologies and how they might be used to prevent disease before it strikes — a key goal of precision health,” Minor said.

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Comparisons between irregular pulse-detection on Apple Watch and simultaneous electrocardiography patch recordings showed the pulse detection algorithm has 71 per cent positive predictive value.

“The performance and accuracy we observed in this study provides important information as we seek to understand the potential impact of wearable technology on the health system,” noted Marco Perez, Associate Professor of cardiovascular medicine at Stanford. (IANS)